Pre-paid Legal Services, Inc. (PPD) Reports Q4 EPS of $0.33 on Revenues of $1.046B; Offers FY20 Revenue Outlook

Debt sales make a comeback after coronavirus shut-down

March 3, 2020 6:06 PM EST

By Yoruk Bahceli and Kate Duguid

LONDON/NEW YORK (Reuters) - Companies took advantage of a window of opportunity on Tuesday to launch debt sales on both sides of the Atlantic, after coronavirus concerns chilled deal markets last week.

Some worried the chance could be a fleeting one, after risk appetite appeared to sour as stocks and bond yields fell on the heels of Tuesday's emergency rate cut by the Federal Reserve.

Issuers sold 5.25 billion euros on Europe's debt capital markets on Tuesday, a day after stocks rallied strongly on hopes of central bank support.

UK... More

Jefferies Starts PPD Inc. (PPD) at Hold

March 2, 2020 6:59 AM EST

Jefferies analyst David Windley initiates coverage on PPD Inc. (NASDAQ: PPD) with a Hold rating and a price target of $30.50.

The analyst comments "PPDs solid execution and rigorous discipline show in its client delivery and profitability, which improved slightly from already high levels... More

Deutsche Bank Starts PPD Inc. (PPD) at Buy

March 2, 2020 6:45 AM EST

Deutsche Bank analyst Lee Lueder initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating and a price target of $33.00.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

UBS Starts PPD Inc. (PPD) at Buy

March 2, 2020 6:26 AM EST

UBS analyst Dan Brennan initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating and a price target of $34.00.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

BofA Securities Starts PPD Inc. (PPD) at Buy

March 2, 2020 6:20 AM EST

BofA Securities initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

Citi Starts PPD Inc. (PPD) at Buy

March 2, 2020 6:17 AM EST

Citi analyst Patrick Donnelly initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating and a price target of $34.00.

The analyst comments "We are initiating coverage on PPD with a Buy Rating and $34 price target based on the companys attractive... More

Evercore ISI Starts PPD Inc. (PPD) at Outperform

March 2, 2020 6:05 AM EST

Evercore ISI initiates coverage on PPD Inc. (NASDAQ: PPD) with a Outperform rating and a price target of $33.00.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

Morgan Stanley Starts PPD Inc. (PPD) at Overweight

March 2, 2020 5:40 AM EST

Morgan Stanley initiates coverage on PPD Inc. (NASDAQ: PPD) with a Overweight rating and a price target of $34.00.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

UPDATE: Mizuho Securities Starts PPD Inc. (PPD) at Buy

March 2, 2020 5:37 AM EST

(Updated - March 2, 2020 6:40 AM EST)

(updated to add analyst comments)

Mizuho Securities analyst Ann Hynes initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating and a price target of $32.00.

The analyst commented, "We believe PPDs earnings... More

William Blair Starts PPD Inc. (PPD) at Outperform

March 2, 2020 5:16 AM EST

William Blair analyst John Kreger initiates coverage on PPD Inc. (NASDAQ: PPD) with a Outperform rating.

For an analyst ratings summary and ratings history on PPD Inc. click here. For more ratings news on PPD Inc. click here.

Shares of PPD Inc. closed at $27.88 yesterday.

... More

UPDATE: Credit Suisse Starts PPD Inc. (PPD) at Outperform

March 2, 2020 4:40 AM EST

(Updated - March 2, 2020 4:43 AM EST)

(correcting company name, ticker)

Credit Suisse analyst Erin Wilson Wright initiates coverage on PPD Inc. (NASDAQ: PPD) with a Outperform rating and a price target of $32.00.

The analyst comments "As the third largest global contract research organization... More

UPDATE: UBS Starts PPD Inc. (PPD) at Neutral

March 2, 2020 4:39 AM EST

(Updated - March 2, 2020 4:44 AM EST)

(correcting company name, ticker)

UBS analyst Dan Brennan initiates coverage on Pinduoduo Inc. (NASDAQ: PPD) with a Neutral rating and a price target of $34.00.

The analyst comments "We initiate coverage with a Buy... More

UPDATE: Goldman Sachs Starts PPD Inc. (PPD) at Buy

March 2, 2020 4:32 AM EST

(Updated - March 2, 2020 4:44 AM EST)

(correcting company name, ticker)

Goldman Sachs analyst Robert Jones initiates coverage on PPD Inc. (NASDAQ: PPD) with a Buy rating and a price target of $34.00.

... More

UPDATE: Baird Starts PPD Inc. (PPD) at Outperform

March 2, 2020 4:31 AM EST

(Updated - March 2, 2020 8:56 AM EST)

(updated to add analyst comments)

Baird analyst Eric Coldwell initiates coverage on PPD Inc. (NASDAQ: PPD) with an Outperform rating and a price target of $35.00.

The analyst commented, "PD is a leading clinical CRO with a... More

UPDATE: JPMorgan Starts PPD Inc. (PPD) at Overweight

March 2, 2020 4:31 AM EST

(Updated - March 2, 2020 4:46 AM EST)

(correcting company name, ticker)

JPMorgan analyst Tycho Peterson initiates coverage on PPD Inc. (NASDAQ: PPD) with a Overweight rating and a price target of $35.00.

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UPDATE: Barclays Starts PPD Inc. (PPD) at Overweight

March 2, 2020 4:31 AM EST

(Updated - March 2, 2020 4:46 AM EST)

(correcting company name, ticker)

Barclays analyst Jack Meehan initiates coverage on PPD Inc. (NASDAQ: PDP) with a Overweight rating and a price target of $33.00.

For an analyst ratings summary and ratings history on... More